White House Cybercrime Roundtable Skips the Word Crypto Despite Scam Focus

President Donald Trump held a cybercrime roundtable on Wednesday, saying Americans lost over $20 billion in 2025 to impersonation scams, ransomware and scam centers. He said officials froze $1 billion in what he called “cybercurrency” tied to foreign scammers and stopped $1.6 billion in losses after a March executive order. Neither he nor Attorney General Todd Blanche used the words cryptocurrency or digital assets, even though pre-event reports pointed to a crackdown on overseas crypto scams. Homeland Security Secretary Markwayne Mullin spoke only of digital extortion.

Crypto Scam Losses and Trump Family Ventures

The FBI has said crypto related scams cost Americans $11 billion in 2025, including losses through crypto ATMs. Meanwhile, Trump reported earning $1.4 billion from family crypto ventures in 2025, while a Public Citizen report estimates his projects cost investors about $4.7 billion.

World Liberty Financial and Memecoin Scrutiny

World Liberty Financial faces questions over its USD1 stablecoin being used to settle a $2 billion Binance investment by an entity linked to Sheikh Tahnoon bin Zayed Al Nahyan of the UAE. The TRUMP memecoin will host another tokenholder dinner on Nov. 22, which critics call a pay to play scheme. Separately, Italian police arrested 30 people for laundering money through a bank allegedly tied to the mafia.